Financial Operations Manager

4 weeks ago


Thrissur, Kerala, India ValueMentor Full time
Job Summary

The successful candidate will be responsible for overseeing the organization's finance operations, ensuring the production of periodic financial reports, and maintaining an adequate system of accounting records and controls. They will also be accountable for enhancing the accuracy of the company's reported financial results and ensuring compliance with generally accepted accounting principles or international financial reporting standards.

Key Responsibilities

• Maintain and enforce a documented system of finance policies and procedures
• Manage outsourced functions
• Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives

Operations

• Ensure that accounts payable are paid in a timely manner
• Ensure that all reasonable discounts are taken on accounts payable
• Ensure that accounts receivables are collected promptly
• Process payroll in a timely manner
• Ensure that periodic bank reconciliations are completed
• Ensure that required debt payments are made on a timely basis
• Maintain the chart of accounts
• Maintain an orderly accounting filing system
• Maintain a system of controls over accounting transactions

Reporting

• Issue timely and complete financial statements
• Coordinate the preparation of the corporate annual report
• Recommend benchmarks against which to measure the performance of company operations
• Calculate and issue financial and operating metrics
• Manage the production of the annual budget and forecasts
• Calculate variances from the budget and report significant issues to management
• Provide for a system of management cost reports
• Provide financial analyses as needed for capital investments, pricing decisions, and contract negotiations

Compliance

• Coordinate the provision of information to external auditors for the annual audit
• Monitor debt levels and compliance with debt covenants
• Comply with local, state, and federal government reporting requirements and tax filings

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